Sun Life Financial Inc (SLF) Declares Quarterly Dividend of $0.53
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Wednesday, May 29th will be paid a dividend of 0.525 per share by the financial services provider on Friday, June 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Tuesday, May 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.50.
Shares of SLF stock opened at C$53.83 on Monday. The company has a market capitalization of $31.94 billion and a PE ratio of 13.16. Sun Life Financial has a fifty-two week low of C$43.13 and a fifty-two week high of C$55.97. The company has a debt-to-equity ratio of 18.26, a quick ratio of 451.94 and a current ratio of 483.92.
Several equities research analysts recently weighed in on SLF shares. BMO Capital Markets lifted their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Cormark set a C$54.00 price target on Sun Life Financial in a research report on Friday, February 15th. Eight Capital lifted their price target on Sun Life Financial from C$54.00 to C$55.00 in a research report on Friday, May 10th. CIBC downgraded Sun Life Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from C$53.00 to C$54.00 in a report on Thursday, March 14th. Finally, National Bank Financial boosted their target price on Sun Life Financial from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a report on Monday, April 29th.
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Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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